Archive for March, 2009
Chances are…you or someone you know is whistling this familiar tune. Happy about it or not, those of us age 50+ are faced with a daunting dilemma. Should we pre-retirees postpone retirement for a few years longer or should those of us already retired return to work to make up for recent financial losses? With the tumbling stock market and eroding home values, older folks do not have the luxury to wait and see how long or even if the market will fully recover! We are faced with today’s harsh reality that our savings, once thought to be ample, now may not be enough!
In a recent survey more than 50% of seniors were either postponing retirement or considering returning to work in hopes of offsetting their losses. For those seeking a job, it may not be an easy task. With scores of unemployed of all ages vying for fewer jobs, an older applicant, who may lack up-to-date skills, will have a tough time competing. Even if they do get a job, it is usually at a fraction of previous wages, requires set hours and may be physically demanding.
For those who are high spirited and willing to conquer this challenge, there is a new trend emerging! Baby boomers are turning to home base businesses for their third age income. In her book Turning Silver into Gold: How to Profit in the New Boomer Marketplace , author and authority on marketing to baby boomers, Mary Furlong coined the phrase “lifestyle business!” These are businesses owned by sole entrepreneurs, who want to take charge of their destiny and create a business of their own. They have vim and vigor, want to be their own boss and make executive decisions, set their hours, all while mixing in fun, family, travel and leisure. It is a perfect blend of lifestyle and business.
What is appealing about these home based start-ups is that you don’t need a lot of capital! With a small investment you can continue variations of your previous career utilizing well-seasoned skills or venture into something entirely new and different. The golden rule is threefold: find some area of need….your niche, make it something you are truly passionate about and have the commitment to get it up and running. The carrot at the end of this stick is of course, the additional income securing your financial independence!
There are countless websites that will educate and assist you in building your own business as well as those sites, which post jobs geared toward prospective employees age 50+. If you are one of those headed back to work, here are a few of my favorites for start-ups and job seekers. For a more complete list click the link below:
Score — www.score.org
Is a nonprofit association working together with the Small Business Association (SBA). They are dedicated to educating entrepreneurs and the formation, growth and success of small businesses. It is a nationwide organization that is served by business people, who donate their time and expertise as counselors to those seeking help.
Is a program offering group coaching, workshops and support to those 50+ who want their own business
National Association for the Self-Employed (NASE) — www.NASE.org
Is the nation’s leading resource for the self-employed and micro-businesses providing a broad range of benefits and support to help the smallest businesses succeed.
Women’s Institute for a Secure Retirement (WISER) — www.wiserwomen.org
Works to provide women with basic financial information aimed at helping them take financial control over their lives and to increase awareness of the structural barriers that prevent women’s adequate participation in the nation’s retirement systems.
Ladies Who Launch — www.ladieswholaunch.com
Is a site offering business resources and connections to women, who at any age wish to start their own business. Coming soon is the “late blooming launchers!”
Jobs4Point0 — www.job4point0.com
A site offering job opportunities for candidates 40 and over with great companies that value diversity of experience. They work only with select companies that embrace the unique benefits of the experienced worker.
Experience Works! — www.experienceworks.org
Experience Works helps low-income seniors, with multiple barriers to employment; get the training they need to find good jobs in their local communities.
Dinosaur Exchange — www.dinosaur-exchange.com
This international site has been set up primarily to act as an intermediary between the retired with the experience, the “Dinosaurs” and the people who need it, the “Dinosaur Hunters.”
RebootYou.com — www.RebootYou.com
Is a site designed to help people reinvent themselves? They offer resources, examples, stories, inspiration and information to help you make a transition to your next career.
Retirement Jobs — www.RetirementJobs.com
Is a site to identify companies most-suited to older workers and match them with active, productive, conscientious, mature adults seeking a job or project that matches their lifestyles? The AARP.org Job Search Engine is powered by RetirementJobs.com
Workforce50 — www.workforce50.com (formerly Senior Job Bank)
Is committed to helping the mature job seekers of America find meaningful employment opportunities. All jobs are placed by employers specifically interested in staffing from the over-50 workforce. Our employment and education resources cater to mature workers searching for employment, in transition or approaching retirement.